The share prices of Kibo Energy and Edenville Energy took a knock on Thursday after the companies announced that they had not qualified to participate in the next stage of a bidding process by the Tanzania Electricity Supply Company (Tanesco) to develo…
Kibo, Edenville’s shares knocked by Tanesco bid rejection Read More »
South Africa’s mining production decreased by 1.6% year-on-year in 2018, following a 3.9% year-on-year increase in 2017 and a decrease of 3.7% year-on-year in 2016, Statistics South Africa (Stats SA) revealed on Thursday.
In December, mining producti…
Gold, operational costs drag down South Africa’s December mining production Read More »
Aim-listed GoldStone Resources expects the definitive economic plan (DEP) for its Akrokeri-Homase gold project, in Ghana, to be completed during the second quarter.
The DEP assesses the capital requirements, operating costs and timelines in respect o…
GoldStone expects definitive economic plan for Ghana mine to be completed in Q2 Read More »
Aim-listed emerging phosphate producer Kropz has appointed Jan Steenkamp MD of the company’s 74%-owned Elandsfontein project, in South Africa’s Western Cape province.
Steenkamp is a South African mining industry veteran and has managed mining operati…
Jan Steenkamp appointed MD of Kropz’s Elandsfontein phosphate mine Read More »
JSE- and NYSE-listed Sibanye-Stillwater will consult with stakeholders about the possible restructuring of its gold operations and associated services, as a result of ongoing financial losses.
In a trading statement released on Thursday, the miner sa…
Sibanye considers restructuring gold operations; says FY loss to narrow to R1bn Read More »
Since merging with Randgold Resources six weeks ago, Barrick Gold Corporation on Wednesday said it has made progress in achieving its short-term priority goals and its full-year objectives.
Barrick expects to produce between 5.1-million and 5.6-milli…
Lower grades, higher costs contribute to lower FY18 adjusted earnings for Barrick Read More »
Aim- and TSX-listed Serabi Gold has set its 2019 production guidance at between 40 000 oz and 44 000 oz, with 3 671 oz already produced in January.
CEO Mike Hodgson said in a statement on Wednesday that the step up from the production levels achieved…
Serabi off to a good start with January production of 3 671 oz Read More »
Aim- and JSE-listed Pan African Resources expects its earnings per share (EPS) for the six months to December 31, 2018, to be between 116% and 126% higher year-on-year at between 6.98c and 7.30c .
This compares with the EPS of 3.23c reported for the …
Pan African Resources expects up to 126% increase in H1 HEPS Read More »
Canadian miner Detour Gold and investment firm Paulson & Co have agreed to the dismissal of court action that the mining company issued on July 24 last year.
As part of the agreement, both companies will provide re-leases of certain claims in res…
Detour, Paulson settle last item from proxy battle Read More »
AngloGold Ashanti’s Obuasi redevelopment project has completed its first week of underground development blasting, as the work to pour first gold by the end of the year gathers momentum.
The first blast, on February 1, advanced development by around …
Obuasi development on track for end-2019 gold pour Read More »
